YPF 202 Sustainability Report

Energy Company

YPF is the main energy company in Argentina, with a leadership position in the entire oil and gas value chain in the country [production, refining and sale of fuels]. It also boasts a growing business in electricity generation and renewables, as well as a company focused on innovation and new energies.

Commitment to Sustainability

We understand Sustainability, in its triple dimension, economic, environmental and social, as a way of carrying out operations that creates value for shareholders, other stakeholders and for the country.
Sustainability priorities are incorporated into the business strategy to conduct responsible operations that strengthen the company's long-term competitiveness.

PRIORITIZED SDGs

YPF's sustainability strategy also seeks to contribute to the achievement of the Sustainable Development Goals set forth in the United Nations 2030 Agenda.
It adheres to the 17 SDGs and as an energy company, specifically contributes to goals 7, 8, 9, 12 and 13. We also work to make progress regarding SDGs 5, 16 and 17.

We are part of global initiatives such as the Global Compact, EITI and the B20 Energy Task Force. We voluntarily carry out the ESG Assessment designed for the Dow Jones Sustainability Index.
In 2022 we reached 75/100, the best result since we were part of that assessment. In April 2023, our company was ranked in the 98th percentile of the Oil and GAS sector in the S&P Global Corporate Sustainability Assessment.

Governance, Ethics and Integrity

Board of Directors

11 Members
6 Independent members
1 Woman

Investors

Ethics and compliance

Risk management

100% of businesses with mapped corruption risks

Ethics and code of conduct

100% directors and personnel adhered

Complaint channels

for members of the organization and third-parties

Conflict of interests policy

for directors and personnel

Third-party employment program

classification of suppliers based on integrity risks

Due diligence in human rights

human rights risk mapping carried out and 100% security personnel trained

Economic Performance

Operations

29.1%
Participación en el Mercado
de Gas Argentino

514 K BOE/D

Total hydrocarbon production

+2% VS. 2022

236 K BOE/D

Net shale production

+16% VS. 2022

#1 petrochemical producer in the country

1.695 MT/ capacity production year

328 K BBL/D

Refining capacity

+50% Argentine market

1,679

Gas stations

1.072 M BOE

Total proven reserves

+9,6% VS. 2022

US$ 605.4 M

Inversiones de capital y gastos operativos vinculados a integridad y ambiente

68,765

People employed
(direct and contractors)

Financial and economic results

* In argentinian pesos

5,484,544 M

Sales revenue

+117% VS. 2022

-1,532,745 M

Fiscal year result

-628% VS. 2022

1,058,356 M

EBITDA

+71% VS. 2022

7,303,815 M

Net worth

+291% VS. 2022

603,425 M

Tax obligations and other*

* Tax obligations and other: taxes, rates, contributions, royalties, easements, and fees. Includes current income tax; taxes, rates and contributions, royalties, easements, and fees; income tax on well abandonment; special tax for revaluation.

Suppliers

5,738

Suppliers with valid qualifications

100% Contracts

Adhering to the code of ethics and conduct

100% High

Criticality suppliers with environmental and safety assessment

Our people

24,613

Direct personnel

44,152

Contractors personnel

Diversity

22.3%

Female employees

+2,6% VS. 2022

19.8%

Leadership positions held by women

+9% VS. 2022

Inclusion and employability

210

Students in internships and professionalizing practices

359,724

Training hours

(does not include hours of occupational safety training)

14.7

Training hours per employee

Health and safety

92%

Personnel with annual medical evaluation performed

0.23

Lost time injury frequency rate (LTIFR)

-29% VS. 2022

Social investment

AR$ 4.937 M

Total social investment

AR$ 4.391 M

Voluntary social investment

AR$ 95 M

Charitable donations

2,2% DE LA ISV

Steam education and sustainable development (Fundación YPF) - five lines of action and impact

52,415
PEOPLE

Capacitadas en programas de Fundación YPF

+64% VS. 2022

Professional technical education

11,275

Participantes en cursos

4,493

Certificados

STEAM Education

330

Becas universitarias en carreras de la energía

60% Mujeres

432

Mujeres capacitadas en programación, diseño web y datos

Renewable energy and energy transition

+15,000

Asistentes al aula móvil

Links with the energy industry

Plan transformar para la energía junto a ministerio educación de Neuquén

Equipamiento a 10 escuelas técnicas - plantas de control, espectrofotómetros, analizadores y notebooks

Simulador de perforación y terminación de pozos para escuela técnica

Local development

Asistencia ténica y donaciones para mejora de espacio público en 4 municipios

Proyectos de desarrollo territorial para 5 municipios

1 plan de manejo de residuos sólidos urbanos

4 murales ecológicos junto a las comunidades

Environmental Performance

Energy use

138,474,944 GJ

Total energy consumption within the organization

-1% VS. 2022

-1,7% VS. 2022 Consumption intensity

2,460,203 GJ

Energy consumption from renewable sources
(purchase to YPF LUZ)

+1% VS. 2022

2,581,971 GJ

(incluyendo GUDI)

55%

Energía eléctrica renovable s/ total comprado a Cammesa (MEM)

-8% VS. 2022 (1)

1) Compra EE Renovable:
Este dato representa al % Promedio del año 2023 de Energía eléctrica renovable comprada sobre el total de energía eléctrica adquirida por la compañía, comercializada atravez MEM (Mercado Eléctrico Mayorista). El objetivo compañía es de 50% a 2027. La ley nacional 27.191/15 (decreto reglamentario es 531/16) dispone que la compañía, como sujeto obligado, deberá incorporar como mínimo un 20% del total de consumo propio de energía eléctrica con energía provenientes de fuentes renovables, al 31 de diciembre del 2025. El decreto reglamentario identifica consumo con aquello que se compra en el mercado eléctrico